[ad_1] Diwali celebrations kicked off in India with Dhanteras on Tuesday, October 29, prompting many to buy gold and silver, creating a huge retail demand for jewellers. Hundreds flocked to Mumbai’s Zaveri Bazaar to buy silver, which has outperformed all other metals this year, hitting all-time highs of ₹1 lakh per kilo in India and […]
Gold hits successive record highs ahead of expected Fed rate cut – CNBC TV18
[ad_1] Gold rose to another record high, building on Thursday’s surge of nearly 2% as traders added bullish wagers ahead of a widely expected Federal Reserve interest-rate cut next week. Bullion climbed as much as 1% to $2,583.45 an ounce on Friday (September 13), putting it on track for a weekly gain of more than […]
Gold climbs to a record as US data bolster Federal Reserve cut case – CNBC TV18
[ad_1] Gold climbed to a record after another faster-than-forecast US inflation print and an uptick in applications for unemployment benefits substantiated bets that the Federal Reserve will cut interest rates next week. The producer price index for final demand increased 0.2% from a month earlier after a downward revision to July’s reading, according to a […]